SEBI rationalizes and standardizes the penalty framework for levying penalties on stock brokers by stock exchanges. In the current penalty framework for stock brokers, penalties for similar observations may differ across stock exchanges, and in some cases, the stock brokers who have membership with multiple exchanges may face …

Writing “Yes, I am convinced it is a fit case for re-opening the assessment u/s 147 by issuing notice u/s 148” is a valid approval under section 151A In a recent judgment, Delhi High Court has held that the language “Yes, I am convinced it is a fit …

Rajasthan High Court quashes notice u/s 148 issued by JAO and not by FAO expressing disagreement with Gujarat High Court judgment. In a recent judgment the Rajasthan High Court quashes notice u/s 148 issued by Jurisdictional Assessing Officer (JAO) and not Faceless Assessing Officer (FAO). Disagrees with Gujarat …

Auto Approval of Incentive Bank Account and IFSC Code Registration requests for IEC CBIC announces auto-approval of Incentive Bank Account and IFSC Code Registration requests for an Importer Exporter Code (IEC) at different customs locations Instruction No 25/2023-Customs dated 28.07.2023 stipulates list of documentary requirement and timeline for …

Owner of vehicle not expected to verify driver’s licence to know if the licence is fake or not. Owner of vehicle not before employing a driver not expected to verify license produced by the driver to know if the licence is fake or not. ABCAUS Case Law Citation:4774 …

GSTN clarifies on changes in GST return filing from October 1, 2025 regarding IMS, generation of GSTR-2B & Credit Note Handling. It has come to notice that some posts are circulating incorrect information regarding changes in GST return filing from October 1, 2025. We would like to clarify …